Century Mining Announces Late Filing Of Annual Financial Statements



    BLAINE, WA, April 30 /CNW/ - Century Mining Corporation (CMM: TSX-V)
announced today that it has filed a notice with the British Columbia
Securities Commission (BCSC) pursuant to BCSC National Policy 12-203 advising
that the Company will not be filing its annual financial statements
("financial statements") and Management's Discussion and Analysis (MD&A) for
the year ending December 31, 2008 before the prescribed deadline of April 30,
2009. The Company has made an application under the aforementioned policy
requesting that a Management Cease Trade Order be imposed in respect of this
late filing.
    The Company cited numerous changes, including the appointment of new
auditors of the Company, the settlement of various debts and the appointment
of a new Financial Officer in Peru, all of which contributed to the delay in
filing. Specifically, Century was unable to fund the auditors of the Company
in a timely manner due to a lack of working capital. This issue has since been
resolved, and Century is working with the auditors to expedite the completion
and filing of the financial statements and MD&A.
    The Company made every effort to file the financial statements and MD&A
by the prescribed deadline of April 30, 2009, but it has been determined by
the Company and its auditors that no amount of effort will overcome the delays
caused by the changes described above.
    Century currently expects to file the Company's financial statements and
MD&A on or before May 15, 2009. The Company also confirmed that it will
provide default status reports so long as it remains in default of its
requirements to file the financial statements and MD&A within the prescribed
period of time.
    Century confirmed that the delay in filing the Company's financial
statements and MD&A will have no adverse effect on the Company's current
financing initiatives as described in a separate press release issued on April
28, 2009. Furthermore, the financial statements do not contain any material
gains or write-downs from the third quarter 2008 financial statements. Century
also stated that there is no other material information concerning the affairs
of the Company that has not been generally disclosed as of the date of this
press release.

    About Century Mining Corporation

    Century Mining Corporation is a junior gold producer. The Company owns
and is working towards the restart of the Lamaque mine in Québec that
historically has produced over 9.2 million ounces of gold. In Peru, Century
wholly-owned subsidiaries own an 82.6% interest in the San Juan Mine where the
Company accounts for 100% of gold production. Total gold production for 2006
and 2007 was 70,401 ounces and 63,124 ounces of gold, respectively.

    
    "Margaret M. Kent"
    Chairman, President & CEO


    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of the contents of this press
    release.
    

    Caution Concerning Forward-Looking Information

    This press release contains forward-looking statements within the meaning
of the United States Private Securities Litigation Reform Act of 1995 and
forward-looking information within the meaning of applicable Canadian
securities laws. We use words such as "may", "will", "should", "anticipate",
"plan", "expect", "believe", "estimate" and similar terminology to identify
forward-looking statements and forward-looking information. Such statements
and information are based on assumptions, estimates, opinions and analysis
made by management in light of its experience, current conditions and its
expectations of future developments as well as other factors which it believes
to be reasonable and relevant. Forward-looking statements and information
involve known and unknown risks, uncertainties and other factors that may
cause our actual results to differ materially from those expressed or implied
in the forward-looking statements and information and accordingly, readers
should not place undue reliance on such statements and information. Risks and
uncertainties that may cause actual results to vary include but are not
limited to the speculative nature of mineral exploration and development,
including the uncertainty of reserve and resource estimates; operational and
technical difficulties; the availability to the Company of suitable financing
alternatives; fluctuations in gold and other commodity prices; changes to and
compliance with applicable laws and regulations, including environmental laws
and obtaining requisite permits; political, economic and other risks arising
from our South American activities; fluctuations in foreign exchange rates; as
well as other risks and uncertainties which are more fully described in our
annual and quarterly Management's Discussion and Analysis included in this
Annual Report, in our Annual Information Form and in other filings made by us
with the Securities and Exchange Commission and with Canadian securities
regulatory authorities and available at www.sedar.com.
    While the Company believes that the expectations expressed by such
forward-looking statements and forward-looking information and the
assumptions, estimates, opinions and analysis underlying such expectations are
reasonable, there can be no assurance that they will prove to be correct. In
evaluating forward-looking statements and information, readers should
carefully consider the various factors which could cause actual results or
events to differ materially from those expressed or implied in the
forward-looking statements and forward-looking information.





For further information:

For further information: Brent Jones, Manager of Investor Relations,
E-mail: bjones@centurymining.com, Phone: (877) 284-6535 or (360) 332-4653,
Fax: (360) 332-4652, Website: www.centurymining.com

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CENTURY MINING CORPORATION

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